The Europe Audio IC Market would witness market growth of 7% CAGR during the forecast period (2021-2027). There is an increasing demand for consumer goods like smartphones, wireless headphone etc., across the globe. With the increasing industrialization and modernization, people are demanding for more technically advanced and smart devices to ease down their daily work. This will further motivate manufacturers to introduce the latest devices with improved technology to attract a greater number of customers.
The escalating demand for smartphones, televisions and home entertainment systems is further propelling the demand for audio driver IC across the globe as the product is highly used in the mentioned devices. In addition, the growing demand for concise and energy-efficient gadgets among the population for domestic & commercial usage is also fueling the growth of the market. Therefore, the growing adoption of various consumer devices like television, smartphones etc. among the population is further bolstering the growth of the audio IC market during the forecast period.
The Germany market dominated the Europe Automotive Audio IC Market by Country 2020, thereby, achieving a market value of $294.1 million by 2027, growing at a CAGR of 7.5 % during the forecast period. The UK market is exhibiting a CAGR of 7.9% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 9.5% during (2021 - 2027).
Based on IC Type, the market is segmented into Audio Amplifier, Audio DSP, Audio Codecs and Microphone IC. Based on Application, the market is segmented into Mobile Phones, Smart Home & IoT devices, Computer & Tablets, Automotive, Headphones, Home Entertainment Systems, Wearables and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Audio IC Market Size will Hit $45.2 Billion by 2027, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Infineon Technologies AG, Renesas Electronics Corporation, NXP Semiconductors N.V., ON Semiconductor Corporation, STMicroelectronics N.V., Texas Instruments, Inc., Toshiba Corporation, AMS AG, and Cirrus Logic, Inc.
By IC Type
By Application
By Country
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